Waaree Energies Limited (NSEI:WAAREEENER) agreed to acquire an additional 11.06% stake in Waaree Transpower Private Limited for INR 1.9 billion on March 24, 2026. A cash consideration valued at INR 75 per share will be paid by Waaree Energies Limited. As part of consideration, INR 1.9 billion will be paid towards common equity of Waaree Transpower Private Limited. Upon completion, Waaree Energies Limited will own 75.10% stake in Waaree Transpower Private Limited.
For the period ending March 31, 2025, Waaree Transpower Private Limited reported total revenue of INR 84.7 million.
The deal has been approved by Waaree Energies Limited board.
The expected completion of the transaction is in June 2026.
Waaree Energies Ltd is an India-based company, which is engaged in the business of manufacture of solar photo-voltaic (PV) modules, setting up of projects in solar space and sale of electricity. The Company’s segments include Solar Power Product, Generation of Power, and Engineering, Procurement and Construction (EPC). The Company has an operational capacity of 12 gigawatt (GW) for solar PV modules, such as Mono PERC, Bifacial, BIPV, Flexible and Polycrystalline modules. It also offers off-grid inverters and on-grid invertors. It provides various solar solutions, including solar panel, solar inverter, lithium-ion battery, solar streetlight, solar mobile charger, and solar bag. The Company provides various services, including EPC Ground Mount, EPC Floating Solar, operation and maintenance (o&M), EPC Rooftop, and Waaree Prime. It offers O&M services which cover testing, cleaning, preventive maintenance, and corrective repairs to deliver optimal plant performance.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
